Cherry County, Nebraska Property Taxes

Name: Property Tax Bills Across Cherry County, Nebraska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cherry County effective property tax rate: 0.87%, significantly lower than the national median of 1.02%.
Median Cherry County home value: $139,100
Median annual Cherry County tax bill: $1,288, $1,112 lower than the national median property tax bill of $2,400.

How are property taxes in Cherry County calculated?

Property taxes in Cherry County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Valentine or another part of Cherry County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cherry County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$1,210

$1,123

Ownwell’s Cherry County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cherry County with just two data points. By entering your property's estimated assessed value, our calculator applies Cherry County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Cherry County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cherry County, Nebraska

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each county determines its required budget for providing services and divides it by the total value of all taxable property within its jurisdiction, leading to the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Cherry County's effective property tax rate can be compared to other counties in Nebraska or the U.S. median property tax rate. Cherry County's rate is below the national median property tax rate of 1.02%, offering a more affordable option for property owners. In Nebraska, the highest median property tax rate is found in Nenzel, while the lowest is in Ashby. Understanding these differences can help property owners make informed decisions about their investments. By appealing property taxes or securing exemptions, property owners in Cherry County can potentially lower their tax burden even further, enhancing the affordability and attractiveness of their properties.

Property Tax Rates Across Cherry County, Nebraska

Source: Ownwell

0.65%

0.92%

1.18%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cherry County Tax Rate

0.87%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cherry County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Ashby	0.50%	0.63%	0.65%	0.65%	0.67%
Cody	0.97%	0.97%	0.97%	1.14%	1.22%
Crookston	0.62%	0.78%	0.82%	0.82%	0.85%
Elsmere	0.80%	0.81%	0.82%	0.84%	0.85%
Gordon	0.77%	0.85%	0.91%	1.17%	1.23%
Kilgore	1.01%	1.11%	1.12%	1.16%	1.45%
Merriman	0.77%	0.93%	1.17%	1.39%	2.92%
Nenzel	1.05%	1.14%	1.18%	1.20%	1.20%
Sparks	0.70%	0.82%	0.87%	0.88%	0.88%
Thedford	0.75%	0.78%	0.81%	0.83%	0.85%
Valentine	0.64%	0.78%	0.87%	1.03%	1.21%
Wood Lake	0.83%	0.86%	1.00%	1.03%	1.03%
Brownlee	N/A	N/A	N/A	N/A	N/A
Eli	N/A	N/A	N/A	N/A	N/A
Ellsworth	N/A	N/A	N/A	N/A	N/A
Hyannis	N/A	N/A	N/A	N/A	N/A
Johnstown	N/A	N/A	N/A	N/A	N/A
Mullen	N/A	N/A	N/A	N/A	N/A
Purdum	N/A	N/A	N/A	N/A	N/A
Whitman	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cherry County, Nebraska

When examining property taxes in Cherry County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cherry County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Cherry County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cherry County.

For example, the median tax bill in Cherry County is $1,407.00, with tax bills ranging significantly across the county. Ashby has the highest median home price at $336,343.00.

Property Tax Assessment Values Across Cherry County, Nebraska

Source: Ownwell

$38,361

$187,352

$336,343

Median Cherry County Market Value

$139,100

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cherry County, Nebraska

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Ashby	$59,048	$288,697	$336,343	$486,256	$617,616
Cody	$13,548	$49,095	$79,176	$146,900	$310,137
Crookston	$2,764	$15,688	$47,061	$159,539	$262,602
Elsmere	$94,120	$126,574	$240,611	$293,240	$357,972
Gordon	$101,300	$186,537	$328,950	$519,457	$677,418
Kilgore	$4,539	$20,948	$48,408	$91,176	$180,769
Merriman	$2,857	$10,906	$38,361	$139,715	$389,060
Nenzel	$10,258	$35,908	$130,605	$294,428	$413,005
Sparks	$7,789	$13,104	$59,924	$265,751	$304,743
Thedford	$44,025	$85,368	$185,798	$373,640	$557,119
Valentine	$30,601	$73,751	$134,348	$206,968	$321,589
Wood Lake	$2,963	$21,199	$62,257	$272,582	$460,123
Brownlee	N/A	N/A	N/A	N/A	N/A
Eli	N/A	N/A	N/A	N/A	N/A
Ellsworth	N/A	N/A	N/A	N/A	N/A
Hyannis	N/A	N/A	N/A	N/A	N/A
Johnstown	N/A	N/A	N/A	N/A	N/A
Mullen	N/A	N/A	N/A	N/A	N/A
Purdum	N/A	N/A	N/A	N/A	N/A
Whitman	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cherry County, Nebraska

In Cherry County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Cherry County is $139,100, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. The median property tax bill in Cherry County is significantly lower than the national median of $2,400, with a range from $568 at the 25th percentile to $3,481 at the 90th percentile. Homeowners in Gordon face the highest median tax bill at $3,171, while those in Crookston enjoy the lowest at $337. These variations highlight how location within the county can affect tax obligations. Understanding these factors is crucial for homeowners, as property taxes can influence overall housing costs and financial planning.

Property Tax Bills Across Cherry County, Nebraska

Source: Ownwell

$337

$1,754

$3,171

Median Cherry County Tax Bill

$1,288

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Cherry County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Ashby	$414	$1,875	$2,185	$2,709	$3,624
Cody	$128	$487	$838	$1,696	$3,542
Crookston	$19	$118	$337	$1,095	$2,083
Elsmere	$800	$1,035	$1,949	$2,391	$2,885
Gordon	$1,268	$1,746	$3,171	$4,522	$6,484
Kilgore	$52	$199	$564	$1,141	$2,154
Merriman	$46	$136	$536	$1,737	$4,182
Nenzel	$118	$401	$1,803	$3,486	$4,639
Sparks	$67	$113	$400	$2,199	$2,462
Thedford	$294	$679	$1,617	$2,824	$4,393
Valentine	$272	$611	$1,219	$1,853	$2,825
Wood Lake	$28	$216	$634	$2,429	$3,502
Brownlee	N/A	N/A	N/A	N/A	N/A
Eli	N/A	N/A	N/A	N/A	N/A
Ellsworth	N/A	N/A	N/A	N/A	N/A
Hyannis	N/A	N/A	N/A	N/A	N/A
Johnstown	N/A	N/A	N/A	N/A	N/A
Mullen	N/A	N/A	N/A	N/A	N/A
Purdum	N/A	N/A	N/A	N/A	N/A
Whitman	N/A	N/A	N/A	N/A	N/A

Source: Ownwell